QBTS Q1 2024 Earnings — D-Wave Quantum Inc. Revenue & Financial Results | Market Cap Arena

QBTSD-Wave Quantum Inc.

$7B

Q1 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$2M+55.7% YoY

Gross Profit

$2M67.3% margin

Operating Income

-$18M-710.6% margin

Net Income

-$17M-702.3% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

-15.2%

Cash Flow

Operating Cash Flow

-$12M

Free Cash Flow

-$13M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$49M

Total Liabilities

$86M

Stockholders' Equity

-$37M

Cash & Equivalents

$27M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2M	$2M	+55.7%
Gross Profit	$2M	$421,000	+294.1%
Operating Income	-$18M	-$25M	+29.1%
Net Income	-$17M	-$24M	+29.1%

Revenue Segments

Professional Services

$639,00083%

Product and Service, Other

$134,00017%

Geographic Segments

Other Geographical Areas

$905,00037%

UNITED STATES

$723,00029%

GERMANY

$512,00021%

JAPAN

$325,00013%